Debit Card, Credit Card Tokenisation: PayU Tokenises Over 50 Million Cards as Deadline Near
The company’s PayU Token Hub service offers network tokens and issuer tokens under a single hub.
Payment service provider PayU has announced that it has successfully tokenised more than 50 million cards
The Netherlands-based fintech works with some of India’s largest payment networks
Through PayU Token Hub, merchants and banks can easily comply comply with tokenization guidelines
It offers frictionless payment experience in tokenization card details
And doesn’t require many steps to carry out a transaction.
PayU claims a 6-7% higher success rate on average for tokenised transaction processed by it as compared to those processed through debit and credit cards
According to the fintech, it has the capability to tokenise 90% of all domestic transactions.